The existence of security market equilibrium with a non-atomic state space

DOI10.1016/0304-4068(95)00743-1zbMath0868.90024OpenAlexW2081204734WikidataQ56936164 ScholiaQ56936164MaRDI QIDQ1817342

William R. Zame, Andreu Mas-Colell

Publication date: 18 August 1997

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(95)00743-1

zbMATH Keywords

incomplete marketsRadner equilibriuminfinite state spacebackward recursion methodsfinite horizon economynon-atomic continuum of states of nature

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (13)

Quasi-variational problems with non-self map on Banach spaces: existence and applications ⋮ Incomplete financial markets and jumps in asset prices ⋮ Making promises in infinite-horizon economies with default and collateral ⋮ Existence of expectation equilibrium of real asset economies with transaction costs ⋮ Discreteness of equilibria in incomplete markets with a continuum of states ⋮ Default and exogenous collateral in incomplete markets with a continuum of states ⋮ Equilibria in incomplete assets economies with infinite dimensional spot markets ⋮ Incomplete security markets with infinitely many states: An introduction ⋮ Rational expectations equilibria in sequence economies with symmetric information: The two-period case ⋮ A new proof of the existence of equilibrium in incomplete market economies ⋮ Sequential decisions under uncertainty and the maximum theorem ⋮ Overlapping generations models with incomplete markets ⋮ An overlapping generations model with non-ordered preferences and numeraire-incomplete markets

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